A Letter From The Publisher, Jun. 4, 1945

Peanuts—$500.

I have just been looking over a report from Teddy White on what it is costing him and Annalee Jacoby to live in Chungking and get the news out of China (like this week's cover story on American General "Al" Wedemeyer and his resurgent new Chinese Army). And I think you too might be interested in seeing some of the entries on his report (expressed in Chinese dollars).

For example:

$1,300. I took out one of my Chinese contacts, her husband and her baby to a milk shop (that's big swank in Chungking) and we each had a glass of milk. This came...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!